Sveriges Riksbank has set a 1.75% rate for its Tuesday certificate sale, with a 470 billion kronor ceiling equal to the bank’s projected minimum liquidity surplus during the securities’ term.
The Swedish central bank expects no excess liquidity if the full amount is allotted. The certificates are scheduled to settle Nov. 4 and mature Nov. 11.
At its Oct. 27 auction, the Riksbank accepted all 372.4 billion kronor in bids it received against an offer of 470 billion kronor. That sale also carried a 1.75% rate. Those certificates mature Nov. 4, the day the new sale is scheduled to settle.
For Tuesday’s sale, the bank set the minimum accepted bid at 1 million kronor. Bids close at 4 a.m. ET (09:00 UTC), with allocation scheduled for 4:15 a.m. ET (09:15 UTC).
